6890 Forest Hill Avenue
Richmond, VA
Price:
$2,475,000
Cap Rate:
5.25%
NOI:
$129,907
Building Size:
Approx. 2,228 Sq. Ft.
Lot Size:
Approx. 0.61 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2019
Investment Overview
- 2019 Construction. 2,228+/- SF Building on .61+/- Acre Site
- New 10 Year Corp Lease w/ 10% Rent Bumps Every 5 Years
- RELOCATION from a successful inline non drive-thru location
- Located along Forest Hill Ave (30K VPD) & Hwy 150 (70K VPD)
- Across Target, Publix, Walmart and Kroger Marketplace Center
- Proximity to multiple schools with approximately 3,072 students
- 3-Miles: AVG HH Income $107,717 with Est Population: 71,881
- 8-Miles west of downtown Richmond (Capital City of Virginia)
- Major Industries: Health Care, Finance & Insurance, & Educational
- Home to University of Richmond and many more top U.S universities
- Greater Richmond Region (MSA) | 3rd most populous metro in Virginia